January 06, 2009 | The Legal Intelligencer
While Markets Continue to Fall, Fraud Activity Continues to RiseWhile the global economy continues to fall, incidences of corporate fraud are on the rise. The current economic instability, coupled with weakened internal controls found in many organizations, both large and small, has created the perfect storm for corporate fraud.
By Michael A. Gillen And Steven M. Packer
9 minute read
May 05, 2009 | The Legal Intelligencer
Fair Value Accounting Leads to Volatility; Volatility Leads to LitigationDid fair value accounting standards, issued by the Financial Accounting Standards Board, and required to be applied for fiscal years ending subsequent to November 2007, hasten the onset of the current economic and financial crisis?
By Steven M. Packer And Stanley V. Todd
12 minute read
April 07, 2009 | The Legal Intelligencer
Last-Minute Tax Tips to Consider in Recessionary TimesThe troubled economy has prompted recent income tax law changes, creating unique tax savings opportunities for many individuals and businesses.
By Michael A. Gillen And Steven M. Packer
13 minute read
October 10, 2011 | The Legal Intelligencer
Law Firms Employing 'Independent Contractors': BewareUsing independent contractors can be risky for many law firms, and remains an age-old concern for businesses in general.
By Steven M. Packer and Brian K. Adams
13 minute read
July 07, 2009 | The Legal Intelligencer
What Lawyers Need to Know About the Codification of Accounting StandardsFinancial statements play an integral role in business as well as a multitude of legal matters, including, but not limited to, bankruptcy, mergers and acquisitions, shareholder disputes, fraud and class action activities.
By Michael A. Gillen And Steven M. Packer
10 minute read
March 15, 2013 | The Legal Intelligencer
IRS's Fresh Start Program: Opportunity to Resolve Unpaid Tax ObligationsDo you have clients, even friends and family, who may be facing serious financial difficulties and may be unable to pay previous or upcoming tax obligations? Do you have any unpaid tax liabilities?
By Mary Beth Lee and Steven M. Packer
8 minute read
October 05, 2010 | The Legal Intelligencer
To Minimize Financial Fraud Risk, Watch Out for the 'Red Flags'As reports of global fraud continue to rise, members of corporate boards are becoming increasingly concerned about personal liability that could result from both large- and small-scale financial fraud as well as bribery, corruption and other fraudulent activities.
By Michael A. Gillen and Steven M. Packer
10 minute read
April 06, 2010 | The Legal Intelligencer
Last-Minute 2009 Filing Season Tax TipsDuring discussions with lawyers who have engaged our tax, accounting or litigation consulting services in connection with their client matters, more often than not a personal tax question or two is splashed within.
By Michael A. Gillen and Steven M. Packer
12 minute read
March 02, 2010 | The Legal Intelligencer
Taxpayers Beware: IRS Intensifies Employment Tax Audit InitiativesLast month, the Internal Revenue Service initiated an intensive employment tax research study of 6,000 randomly selected taxpayers as part of a national research program, or NRP, aimed at investigating tax compliance issues related to employment taxes, fringe benefits, independent contractor classification, expense reimbursements and other related "payroll" issues.
By Stanley V. Todd and Steven M. Packer
8 minute read
December 15, 2009 | The Legal Intelligencer
Effects of the Worker, Homeownership and Business Assistance Act of 2009On Nov. 6, President Obama signed into law the Worker, Homeownership and Business Assistance Act of 2009. The new law affects many businesses and individuals by extending unemployment benefits, extending and expanding the first-time home buyer tax credit, allowing for a net operating loss carryback for all U.S. businesses, as well as a number of other changes and initiatives.
By Steven M. Packer And William J. Friel
11 minute read
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